This figure does not include weekends or holidays. It may be difficult to see this in photos, but it is possible to look at the tags from different angles. While its unlikely any further legal action would be taken against you (especially if its your first time selling counterfeit items and you didnt know they were counterfeit), you may be out for the total cost of the item. These items include size, color, condition, and other parts of the invoice. Contact Us Increase or decrease the bidding amount or the expiration date. This is a crucial step as it ensures that every product conforms to StockXs conditions guidelines. (Everything To Know! Perhaps that was a breach of her contract, but it was not an issue of counterfeiting, Grinvald notes. To make the distinction, you can first use the string colour. For sellers, the process is not that different. In this case, the company might have to connect them with another seller. Is the product legit? StockX verifies everything about the product, the color, condition, and looks for any signs of wear and tear. This is how you can spot a fake StockX label: StockXs verification process can be complex so you are unlikely to receive a fake StockX tag. What If The Fake Shoes Made It To The Customer? And yet . If you keep sending them fakes they will suspend your account. If you dont take care of how you pack them, then its less likely that the shoes will arrive in great condition. StockX calls new, original shoes that have never been worn deadstock. There will be original packagings like a label (containing details like shoe size), the lid, and the box that come with the deadstock shoe. Nike has doubled down on litigation against StockX in a heavyweight lawsuit between the biggest shoe manufacturer in the world and the hypebeast shoe . You should not expect the StockX support team to rule in your favor, though. But anything that resembles rips, tears, and deeper dents are automatically rejected. Of course, Nike might not actually care about the counterfeiting of a few shoes unto itself as much as this lawsuit might imply. The company advocates transparency for all your sneaker and athleticwear needs. Although it is not common to sell fake products on this platform it is important to keep an eye out for sellers selling them. Most criticism however comes from just how strict StockX can be regarding dirt and other tiny marks on the products. StockX is known for its quality, but it doesnt guarantee authenticity. What should I do? (Full Details). This page may contain affiliate links. This is. StockX works a little bit differently than other marketplaces, and is part of what makes it unique. Furthermore, you can see whether the laces have been pulled too tight or if your shoes have been worn out. Enter the changes you want to make. Sneakers have been a canvas ever since the item was invented. Well, not only can you find deadstock items that arent available in retail anymore, but you can also go into a bidding war for them. You can only sell deadstock or brand-new shoes on StockX, although there are a few caveats. Converse shoes that have never been worn are known as Deadstock. Most of the time, they are still in their original packaging and seem to be brand new. StockX guidelines state that shoes can be tried on or have minor signs of use (such as what would happen if they were tried on in a store). (What To Know! Finding the best UPS place will ensure even a speedier delivery to StockX, and ultimately, youll get your money faster. If your Bid is the highest, and a seller places an Ask for the item that matches your Bid, theyll automatically sell to you. Some sneakers can pass the inspection without laces, without having been tested on for size, and with a few minor manufacturing flaws, just like with any other shoe examination. StockX is a reliable platform and uses its own rigorous authentication to make transactions safe. Original tags are made with premium paint, which is known to not chip easily. And if the package doesnt meet their requirements, theyll send it back to you immediately and charge you the shipping fee. Required fields are marked *. What Happens If StockX Doesnt Approve Your Item? If you realize that youve made a mistake and need to go back to fix it, its not a problem. At first glance, the story may look like another example of Nike being overly protective of its intellectual property. Unfortunately, the sneaker and athletic industries are not immune. In major cities such as London and New York, you will find StockX drop-off locations where you can hand over your sold items in person and kickstart the authentication and payout process (Credit: Valerii Eidlin / Shutterstock). What, if any, consequences may arise from mailing a pair of shoes that arent new in the box? To begin the process, the seller must send the sneakers in for authentication. Deadstock shoes, under StockXs definition, have never been worn. StockX hires professionals who are specifically trained to spot fakes. (What To Know! Except in special cases and if StockX approves. It is harder to identify a fake streetwear item. Extras are often supplied with deadstock shoes. This program is run in partnership with Affirm. StockX verifies every shoe sold on the platform. I just had a pair of Jordan 1s fault and I have the receipt from SNKRS when I won the drawing. In this case, eBay won. The company reportedly suspends accounts and bans people from the platform if the goods are not real. However, if you want to wait a little while for a better price, you have the option to bid on any item. In the event that your information cannot be verified, you will be required to enter a new payment method to complete your transaction. In this article, were going to explain in detail how the bidding works on StockX and guide you through the steps. However, real and fake tags can have a different hue. Unofficial Reddit community for all things StockX related. and our Should your Bid fail, you will be required to enter a new payment method to complete your transaction. Mark Wilson 5/16/2022. Buying on StockX. Mark Wilson is the Global Design Editor at Fast Company. It will be easier to tell a fake tag from one that is real if you have a StockX tag. Because StockX will only ever offer genuine footwear. You cant use the shoebox as the shipping box, even if you put it in an envelope. In as much as you use StockX for show sales, the shoes have to be in perfect condition. The company operates as a live market, and as such, there are no options to return a product directly. Samething happened to me just now. Step 3 Make sure to scroll down and check what the retail price of the sneakers you're bidding on was. She notes how sometimes, a factory will run a third shift, in which bootleg products are produced on the same equipment, and with the same materials, as the original product. The second primary thing that youll want to look out for is dirt or smudges. Unfortunately, StockX does not work on weekends and holidays. What Happens If StockX Doesn't Approve Your Item? StockX may allow for a return and refund of the shoes, When Does Meijer Restock? Cookie Notice ), Why Is Goat More Expensive Than Stockx? If a bank account is linked to the PayPal account, this could prevent a successful purchase. Styles StockX is a virtual marketplace where sneakerheads can trade and sell their shoes with other like-minded individuals. I bought them from Footlocker on release day in August. By doing this first, StockX confirms every order matches. Shoddy ass service. Your email address will not be published. and says were verifying that the shoes youre buying are authentically Nike.. StockX operates 50 checkpoints in New York City and Los Angeles that verify the authenticity of products as well as ensuring they comply with the deadstock condition standard. (Updated 2022! Shipping your new sneakers to you is a two-step process. 2 [deleted] 3 yr. ago [removed] longdaddynate 1 yr. ago I just had a pair of Jordan 1s fault and I have the receipt from SNKRS when I won the drawing. The StockX platform aims to provide a safe place for you to shop and a safe place for sellers to know they will be paid for their authentic goods. 500+ business, marketing, and personal development lessons. Make sure that the barcode is not covered. Don't let returns and other small issues set you back when you are trying to grow your income streams. Everything was intact when I sent them, even the paper they came wrapped in within the box. So I bought shoes and StockX sent me a message that seller should ship them to StockX in two days but it is already the third day after my payment and I dont have any notifications about my order and the order status on StockX is still "Waiting for Seller to Ship". Does anyone else have experience with this? (It Depends), What Happens If Your Shoes Dont Pass Authentication On Goat? Thats never a good omen, so if you happen to come across those shoes again, you should send them back. StockX receives a pair of shoes resold on its platform and verifies that the shoes are authentic, even adding a special tag to mark their veracity. All content is for informational purposes only and should not be considered financial advice. Are you planning on placing a bid on StockX? This means you will send the shoes to the shop, and the shop will place them on the shelves for you. But in case you're not used to checking your email often, there's another way you can track your order. While StockX endeavors to have your product arrive in perfect condition, they cannot control the shipping. Nike has only lately filed a lawsuit against the resale site for minting NFTs and trademark infringement. Because of this, StockX offers its take on the matter. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Select the Bid you want to change and click on the green little pen button on the right. Its a remote possibility, to be sure, but the statistics dont lie. This implies that the footwear is spotless and in good condition. A lot of times my questions went unanswered when it came to retail questions, so I started Talk Radio News. However, that does not mean you do not have options. StockX does not sell fake products. I've emailed them, I hope it's a mistake. A string is not possible to connect or disconnect. Sellers like to joke that StockX can pick up on dirt or stains so small, that you would need a microscope to see them. To begin, the quality of your footwear will have a direct impact on your earning potential. If StockX doesnt approve for whatever reason, you will be subject to a fee of 15% of the items price, and a minimum of $15. Trademarks are only used for nominative fair use and are property of their owners. Advertise When youve successfully sold your shoes on StockX, its time to prepare them for shipping. StockX refers to the shoes they buy and sell as deadstock sneakers. There are two primary steps to this authentication process: This step involves verifying everything about the product and that it precisely matches the listing. (Is It Really, Though? And be sure to put the original shoebox inside the shipping box. Obviously, their policy on counterfeits is a good one we can all agree that nobody should be allowed to get away with selling fake shoes. You have to click I Understand. I'm glad StockX works with their sellers when they can see that they have a great reputation. Shoes sold as deadstock must be in their original packaging. You sign up for an account and list the sneakers or streetwear you want to sell. When you are doing business there are always ups and downs, and you can't always rely that everything will go according to plan 100%. So far, StockX has refuted Nikes claims in a public statement it reshared with Fast Company when we reached out for comment, and pointed out that Nikes own senior executives use its platformbut thats not necessarily a valid defense. If you have no sales then your history is 0/0,so yes they are gonna take 15%..what kind of box did you say it was in? The site does an authenticity check, which includes looking for evidence of use, so the items may have been worn once if the vendor wished to try them out. The Detroit startup does not condone the sale of fake or illegal goods. Nike might argue such a shoe is counterfeit, but, at the end of the day, it was made by Nike! says Grinvald. Find out more here. To oversimplify: Even if StockX could win the argument that its NFTs dont break trademark, if any of those NFTs are based upon counterfeited Nikes, then the NFTs might be deemed counterfeits, too. No arrests, no accusations. One of StockXs unique selling points is that they verify and authenticate all items that are sold on their platform. If the shoes are returned to the seller, StockX will return them to the original owner. A reseller can either post goods with a fixed price or set it up for bidding. Home But heres the thing, just like any stock market, you need to have a real intent to buy. You should check for your eligibility before deciding on this option. It has to go with the shoes. The site also accepts other payment methods, including PayPal, Apple Pay, Google Pay, Venmo, Alipay, Sofort, and iDEAL. You can either wait for someone to meet your ask price or click sell now after you have a few bids. The platform requests everyone considering bidding or making an offer to consider their circumstances. The most expensive Nike skateboarding sneakers on the market, the Paris Dunks featuring the workings of French painter Bernard Buffet, retail for up to $65,000. Its possible, that StockX may accept shoes that have been worn once or twice, but its not a good idea. We recommend using a payment method that matches your shipping information as well as other information on your account. Indeed, StockX doesnt simply connect a buyer and seller to complete a transaction and let the chips fall as they may. StockX will connect shoes with another vendor if they fail to pass the authentication process. If someone else made the same Bid, youd see that there are two live bids for that amount at the moment. It might be something accidental, that you havent noticed, and now youre shipping it to StockX. StockX does not consider this a return. Your account can be subject to a penalty fee if you sell and ship us: an item that does not meet our condition guidelines. The first one (as already mentioned) is counterfeit goods. Used footwear sent to StockX may incur a 15 percent service fee, the company says. Also, similar pairs can be compared on the StockX site. Press question mark to learn the rest of the keyboard shortcuts. Otherwise, StockX will reject it. It was in a plain cardboard box that I received another pair of sneakers in, it fit their size requirements but wasnt technically folded in the way their sample images were. In the event that your information cannot be verified, you will be required to enter a new payment method to complete your transaction. Original shoes are then sold on StockX. (What To Know! I'm just angry and sort of scared since I'm a full time student and was selling the shoes in the first place so I could afford to eat this week, not so I could pay StockX $50 I don't have. Therefore, you need to find an authorized UPS location and drop off your package. Depending on the exact reason StockX declines your . StockX will redirect you to a window where they tell you what comes next. Copyright2023 - James McAllister Online. In this article, well cover everything that you need to know. StockX defines "Deadstock" as an authentic, new, unworn pair of sneakers. Since we are a marketplace, with live pricing, your transaction will not be completed automatically. Shipping worldwide. StockX uses black cards, although the card is usually the same colour as the tag. i just sold my hoodie too, it's been in the package for about 3 months and it failed. Not only are late deliveries and poor packing punished, but also delivery delays. Unfortunately, StockX does not allow you to cancel an order or bid once it is accepted. Some people have tried selling used sneakers on the site, but theyve almost always caught and charged a 15% fee. My entire library of courses, templates, cheat sheets and swipe files. An award-winning team of journalists, designers, and videographers who tell brand stories through Fast Company's distinctive lens, The future of innovation and technology in government for the greater good, Fast Company's annual ranking of businesses that are making an outsize impact, Leaders who are shaping the future of business in creative ways, New workplaces, new food sources, new medicine--even an entirely new economic system. Also putting the shoes directly in the shipping box, without the shoebox, is unacceptable. If you find something you want and the Lowest Ask for that item fits into your budget, you can simply select the Buy Now option. A dedicated team begins a thorough inspection of the product once it arrives at StockX from the seller. If you dont want to wait, buying on StockX for the lowest ask is always an option. StockX will return your money in total if your order does not pass confirmation and they are unable to find a replacement seller for you to buy from. Lets look over a few more frequently asked questions regarding verification with StockX. Its an active middleman in every purchase. The reasoning behind the decision involves the implied deal that bidding suggests. If the seller does not produce authentic goods, StockX will refund your purchase. A private community forum / support group. This is a crucial step as it ensures that every product . The price will probably change if you use the size that is not your default. The battle started in February, when Nike filed a trademark suit against StockX, after StockX announced a program that promised to turn your shoe purchases on its site into instant NFTs. The site accepts major credit cards, including Visa, MasterCard, American Express, JCB, UnionPay, and Discover. How Does Bidding Work on StockX? There are a few different things that can cause verification to fail on StockX. This might sound like a clich, but in many ways, its true. How are the import duties, sales tax, and Buyer processing fees calculated? Fuck my life. Your email address will not be published. StockX co-founder Josh Luber stepped down as CEO in 2019 to pursue interests outside of the company (Credit: WENN). (Full Details, Prices + More! A user can either click 'buy now' and submit a bid. And the shoes are on their way to a happy buyer. Seller is not shipping my order to StockX. StockX will accept shoes that are laced up already, provided they don't show any signs of wear. Am I even going to get my shoes back? StockX tries to enforce a two-day policy with sellers so your sneakers are not delayed. Otherwise, it can be a wasted effort. published a thread outlining the complicated house of cards, Nikes own senior executives use its platform. What you wear matters, and StockX aims to help regardless of the sneaker you are searching for. In these cases, you should contact support. Importantly, StockX is under no obligation to accept the return of any item that does not meet its requirements. Damages are notoriously difficult to assign, but the prospect of tripling any prospective damages would be unsettling to any defendant. Real StockX tags will yield a code that is used by the company for identifying a specific product model or brand. Social Followers18.7kFansFacebook20.8kFollowersTwitter1.8kFollowersInstagram636SubscribersYouTube112FollowersLinkedIn136QuoraLove Counter. Then you can bid or pay the asking price on any sneakers that catch your fancy. They want to charge me 15% of the sale price for "processing". And it will be the reason why StockX instantly rejects your shoes. So, before you decide to sell your old footwear on StockX, its important to weigh the benefits and drawbacks. You can buy from other StockX users directly, or you can place a bid and see if they accept it. Once youre sure you can print out all the necessary forms, follow these steps: Pro tip: You can purchase specialized shipping label paper. Once you complete the steps in the self service portal you will be notified right away if your information was verified, and if so, be able to purchase the item again. If your box or product arrives with damage, you should reach out to customer service immediately. ), Which Is Better, Goat Or Stockx? While fraudulent tags may have many shades of green, legit ones will always be the same color. Originally released in April 1985 during Michael Jordans rookie season with the Chicago Bulls, these Air Jordan 1 High sneakers sell for $15,000 on StockX. If the item was sold for under $100, you will be charged at minimum a $15 fee. Your email address will not be published. Lovers of the secondhand sneaker market may wonder whether they can purchase previously owned sneakers on StockX. You have many payment options with StockX. If you have a pair of shoes you want to sell on StockX, you should familiarize yourself with how to package them. There are some clear rules about what kind of packages StockX accepts. But what if they were such good counterfeits that they were completely indistinguishable from the real thing? they are still, technically, unauthorized Nikes. StockX recently sent back the shoes that I sold for $195. In this article, were going to guide you through the steps of packaging your shoes. StockX Rejected My Shoes! You can resell anything you get from StockX. Nike has doubled down on litigation against StockX in a heavyweight lawsuit between the biggest shoe manufacturer in the world and the hypebeast shoe resale platform thats now valued at $3.8 billion. To make sure you get it right, StockX even gives you an example of what not to do, in order to avoid making any mistakes. To begin offering items for sale, you must create a seller account. I have NO idea why it failed, NO idea if Im getting my shoes back. StockX urges the sellers to make sure they follow the steps correctly. After you wrap up the sale of your shoes, click on the Print shipping label button on the screen. Nike is suing StockX for allegedly selling counterfeit shoes. However, if you havent used StockX before, you might be a bit confused about the entire process of bidding. StockX is a huge marketplace for items like high-end sneakers, streetwear, collectibles, and accessories. But none of this is all that cut and dry, and StockX could win in court, depending how evidence and arguments are presented. But what happens if StockX rejects the item? 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